XML 21 R10.htm IDEA: XBRL DOCUMENT v3.25.3
Property and Equipment
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
As of September 30,As of December 31,
20252024
(In thousands)
Capitalized internal-use software developments costs$403,724 $357,334 
Data center equipment (1)
27,468 63,672 
Leasehold improvements61,973 78,104 
Office equipment45,880 50,659 
Furniture and fixtures10,371 12,618 
Software13,110 14,143 
Total property and equipment562,526 576,530 
Less: accumulated depreciation and amortization (1)
(386,824)(385,488)
Total property and equipment, net$175,702 $191,042 
____________________________________
(1) Data center equipment includes $1.4 million and $33.5 million in assets held under finance leases as of September 30, 2025, and December 31, 2024, respectively. Accumulated depreciation and amortization includes $1.4 million and $28.6 million of accumulated depreciation for assets held under finance leases as of September 30, 2025, and December 31, 2024, respectively.
Depreciation and amortization expense was $21.1 million and $22.8 million in the three months ended September 30, 2025 and 2024, respectively, and $65.2 million and $70.0 million in the nine months ended September 30, 2025 and 2024, respectively.
The Company capitalized $19.3 million and $20.0 million in internal‑use software development costs in the three months ended September 30, 2025 and 2024, respectively, and $53.1 million and $56.5 million in the nine months ended September 30, 2025 and 2024, respectively.